Fe Lumaban


Status: Paying Back

$725.00   Loan Amount
12% repaid

About the Entrepreneur

Name: Fe Lumaban
Location: Tuguegarao City, Cagayan, Philippines
Activity: Manufacturing

About the Loan

Loan Amount: $725.00
Loan Use: additional capital
Repayment Term: 26 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Aug 24, 2009
Date Disbursed: Jul 25, 2009
Date Funded:Aug 25, 2009

About the Country

Country:Philippines
Avg Annual Income:$1,175.00
Currency:Philippines Pesos (PHP)
Exchange Rate:48.3400 PHP = 1 USD



Fe Lumaban is now 43 years old and happily married to Richard, who works in a manufacturing business. They are blessed with three children: Chariefae - 17 years old, second year college; Cliff Richard -14 years old, a junior high school student and Tishamae - 7 years old is a grade school. She hopes that her children will someday able to finish their college education for their future.

Fe and her husband help each other in making their leather business a success. They make leather accessories such as wallets, coin purse, bags, belt and other accessories. They have a business stall located in Brixton Mall in Tuguegarao City and used to sell in trade fairs even in different places of Luzon. According to Fe, the business really helps them in providing their children education and their basic needs at home. She wanted to borrow loan from Kiva lenders amounting to PHP35, 000 as additional capital to further expand and promote their business. She believes that hard work and patience are the best qualities in order for a business to grow aside from having enough capital.

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Journal entries for Fe Lumaban


Loan has been disbursed
 
Entrepreneur: Fe Lumaban
Location: Tuguegarao City, Cagayan, Philippines

Thank you for your loan. It has been disbursed to Fe Lumaban by Alalay sa Kaunlaran, Inc. (ASKI) in Philippines. We are excited to watch this business grow. Over the 24 months of this loan, Alalay sa Kaunlaran, Inc. (ASKI) will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Tuguegarao City, Cagayan, Philippines
Aug 26, 2009
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Kiva Help Repayment Schedule for Fe Lumaban

  Expected Repayments Actual Repayments Comments
October 2009 $30.22 $30.22 Repayment Received
November 2009 $30.22 $30.22 Repayment Received
December 2009 $30.23 $30.23 Repayment Received
January 2010 $30.22 Available Jan 1  
February 2010 $30.22 Available Feb 1  
March 2010 $30.22 Available Mar 1  
April 2010 $30.23 Available Apr 1  
May 2010 $30.22 Available May 1  
June 2010 $30.22 Available Jun 1  
July 2010 $30.22 Available Jul 1  
August 2010 $30.22 Available Aug 1  
September 2010 $30.23 Available Sep 1  
October 2010 $30.22 Available Oct 1  
November 2010 $30.22 Available Nov 1  
December 2010 $30.22 Available Dec 1  
January 2011 $30.22 Available Jan 1  
February 2011 $30.23 Available Feb 1  
March 2011 $30.22 Available Mar 1  
April 2011 $30.22 Available Apr 1  
May 2011 $30.22 Available May 1  
June 2011 $30.23 Available Jun 1  
July 2011 $30.22 Available Jul 1  
August 2011 $30.22 Available Aug 1  
September 2011 $29.89 Available Sep 1